CYBEM MECHANICAL SERVICES acquired by AQUIRIAN
Context
Aquirian Limited has entered into a binding agreement to acquire the business and assets of Cybem Mechanical Services for an enterprise value of A$3 million. The acquisition is a key step in Aquirian’s strategy to position itself as a leading provider of equipment and technical services. The transaction was fully debt-funded through a new facility with National Australia Bank (NAB). The strategic rationale for the deal includes enhancing Aquirian’s maintenance capacity to support its rental fleet and introducing fully maintained equipment offerings in Western Australia. By integrating Cybem’s experienced leadership and workshop facilities, Aquirian secures in-house expertise to manage asset rebuilds and combat market resource shortages. The acquisition is highly accretive, expected to increase earnings per share by more than 20%.
CYBEM MECHANICAL SERVICES, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Business Services sector (11.1x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Founded in 2005, Cybem Mechanical Services is a trusted provider of on-site labor support, field service, and mechanical repair services within the Western Australian equipment market. The company specializes in maintenance solutions for heavy machinery, leveraging management and operational teams with extensive Original Equipment Manufacturer (OEM) and on-site process experience. Cybem's value proposition is centered on its strategic workshop facilities and internal asset rebuild capabilities, which ensure high equipment availability for mining and industrial clients. Its business model focuses on long-term service relationships and technical expertise in a tightening market for skilled maintenance resources. By providing industry-recognized maintenance capability, Cybem serves as a critical partner for firms looking to optimize the lifespan and performance of their heavy equipment fleets.
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Historical Financials (AUD)
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REFERENCES
Valuation range: EV 0M - 15M AUD
Revenue range: 5M - 25M AUD
EBITDA range: 0M - 5M AUD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).